The values of your organization are what support your vision for your business and create its unique culture. They are also directly tied to your recruitment and retention strategies, and should guide your day-to-day business practices.

When senior government prosecutors discuss their white collar enforcement priorities, the prosecution of individuals frequently tops their list. Last fall, the Deputy Attorney General ordered all federal prosecutors to prioritize prosecutions of individuals accountable for corporate misconduct, and she made corporations’ ability to receive cooperation credit in criminal settlement agreements contingent upon the corporation providing “all relevant facts about the individuals involved in the corporate misconduct.”

On 27 November 2015, the National Assembly adopted the new Penal Code (the “New Penal Code”). The New Penal Code will take effect on 1 July 2016 and repeal the current Penal Code, which was issued in 1999 and amended in 2009 (the “Current Penal Code“).

https://complianceonline.co.za/wp-content/uploads/2016/03/white_logo-300x138.png00Compliance Onlinehttps://complianceonline.co.za/wp-content/uploads/2016/03/white_logo-300x138.pngCompliance Online2016-03-29 15:07:492016-04-07 07:42:36Vietnam: Important Changes under the New Penal Code

At the annual “SEC Speaks” conference on February 19, 2016 in Washington, DC, the head of the SEC’s FCPA Unit, Kara Brockmeyer, warned pharmaceutical companies that their industry will be under renewed scrutiny in 2016. She said the SEC “is going back to the pharma industry after a break for a period of years.” Brockmeyer also highlighted increased international cooperation that will make government enforcement easier going forward.

On 16 December 2015, the Anti-Money Laundering Intelligence Unit (“AMLIU”) under the Bank of the Lao PDR and the Korea Financial Intelligence Unit (“KOFIU”) signed a memorandum of understanding with regards to anti-money laundering and combatting the financing of terrorism (“AML/CFT”).

https://complianceonline.co.za/wp-content/uploads/2016/03/white_logo-300x138.png00Compliance Onlinehttps://complianceonline.co.za/wp-content/uploads/2016/03/white_logo-300x138.pngCompliance Online2016-03-29 15:02:362016-04-07 07:42:37Cooperation between Laos and South Korea to combat money laundering and terrorism-financing